Key features of the new housing rescue plan
April 6, 2010 by John Abry · Leave a Comment
Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets: As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration. [...]
Only 1 Month Left to Qualify… Don’t Miss Out on the Tax Credit!
March 29, 2010 by John Abry · Leave a Comment
For those who might be on the fence about taking advantage of the federal home buyers tax credit: Last November, the government expanded and extended the new Homebuyers Tax Credit. According to the program, first-time homebuyers are eligible for a tax credit of 10% of the purchase price of the home, with a maximum credit [...]
Pending home sales on a record roll
September 29, 2009 by John Abry · Leave a Comment
Contract activity for pending home sales nationally has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a [...]
Housing numbers: What they mean to buyers and sellers
August 23, 2009 by John Abry · Leave a Comment
This article was part of a recent broadcast on Real Estate Today. Real Estate Today is a radio show that is produced by the National Association of REALTORS® and broadcast in markets nationwide. The show is designed to open doors for buyers and sellers with critical and credible information on the real estate market. It’s [...]
Revised Truth In Lending Act Disclosure requirements now in effect
August 18, 2009 by John Abry · Leave a Comment
Mortgage lenders will be subject to new disclosure requirements for mortgage loans under the Federal Reserve Board Truth in Lending Act (TILA) Regulation (Reg Z). The new requirements apply to loan applications filed on or after July 30, 2009 (about two months earlier than originally planned) are complex and compliance will be a challenge for [...]